25,601 Shares in Suncor Energy Inc. (NYSE:SU) Bought by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the 4th quarter, Holdings Channel reports. The firm purchased 25,601 shares of the oil and gas producer’s stock, valued at approximately $913,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC increased its stake in Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after buying an additional 325 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in Suncor Energy in the 4th quarter valued at $36,000. Golden State Wealth Management LLC acquired a new stake in Suncor Energy in the 4th quarter valued at $39,000. Stonebridge Financial Group LLC acquired a new stake in Suncor Energy in the 4th quarter valued at $45,000. Finally, UMB Bank n.a. increased its stake in Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after buying an additional 300 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

Shares of SU stock opened at $37.46 on Monday. The company has a market capitalization of $46.34 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 2.94 and a beta of 1.11. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The company has a 50-day simple moving average of $38.22 and a 200 day simple moving average of $38.13. Suncor Energy Inc. has a 52 week low of $33.81 and a 52 week high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. On average, sell-side analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be issued a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Tuesday, March 4th. Suncor Energy’s dividend payout ratio is currently 45.51%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SU shares. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Saturday. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.